I was watching the show Pawn Stars the other night when a man sold the body of a classic car to the owners for $30k. He was hesitant until the owner told him that it was “cash money, 100 dollar bills”. The man smiled and accepted.
Okay, now I know that the cash is better because you can hide it from the IRS. But in order to hide it from the IRS, you can’t really buy anything nice with it.
You can’t just take $30k in hundreds to a car dealership and buy a car with it. It gets reported. You can’t deposit it in a bank. I guess you just keep it at home and make frequent, small purchases with it, but that would seem like an inefficient use of that much money. Surely you can invest it and come out ahead in the long run, even after paying taxes.
What would you do with it?